paper goldIt’s one thing when a fringe blog suggests that holding physical metal rather than paper is key, and that If You Don’t Hold It, You Don’t Own It!
It’s another thing entirely when the President of the CME, Terry Duffy goes on Bloomberg and says the following…

In the wake of Monday’s news that Cyprus depositors have official been scalped by the ECB and IMF, Jim Sinclair has sent an email alert to subscribers warning that If you do not exit the system now, you will not be able to exit the system, and that Capital controls and bail-ins will grow and reach your home.
Sinclair warns that DIESELBOOM’S depositor haircut precedent for bank failures is coming to the entire Western banking system, a fact that we have repeatedly driven home here at SD upon uncovering bail-in legislation in Italy, Canada, Switzerland, the UK, and the US.
Sinclair’s full alert on the Cyprus bail-in and on exiting the Western banking system NOW is below:

bitcoin silverAfter the recent meteoric rise (and subsequent crash) of Bitcoins we thought it would be useful to pull together an infographic comparing the 3000 year old form of money, with the up-start and very young (5 years) ‘new’ form of money.
Some have even gone so far as to describe Bitcoins as ‘digital gold’ – but is this really a fair comparison? Below we present a head-to-head match-up between the new digital currency and the oldest form of money on the planet.
As you’ll see Bitcoins are certainly an very interesting development in the creation of money, especially given their decentralised nature and the fact that no ‘central bank’ is in control of their development. In that sense they are a true ‘free-market’ phenomenon.
But in a few key areas gold still possesses crucial advantages over the digital upstart currency.

MafiaMatt Zames has taken over the 2nd in command position at JP Morgan and replaced Ina Drew.  He has worked over the last year or so to unwind the failed trades put on by the famous “London whale”.  Should Jamie Dimon ever step down, odds are that Mr. Zames will take the reigns.  But Zames also has another job, a “government job” so to speak.  He is the head of “TBAC” (Treasury Borrowing Advisory Committee).  This committee basically decides how much, how long or short and when the Treasury steps up to borrow (never pay down) new debt.  A pretty big job for sure but “someone” has to do it right?
Any conflict of interest here?  Nah, I’m sure that whenever he gets done “advising” the Treasury he would never…NEVER let his knowledge influence the investment decisions at JP Morgan!

USMintThe US Mint updated Silver Eagle sales totals Monday evening for the first time in a week, and now report a massive 3,975,500 ASE’s sold with 1 day remaining in the month, an all-time sales record for April
The Mint shattered the previous all-time April sales record of 2.8 million set in 2011 by a whopping 41%, and is on pace to sell nearly 55 million ASE’s in 2013!
We suspect that had the US Mint been meeting demand through April rather than rationing supply, the sales total might be closer to 10 million and would have set a new monthly record.
For gold, the April sales number were even more astounding…

perth goldAustralia’s Perth Mint, the largest refinery in Australia and one of the largest in the world, said that demand has jumped to the highest level since the Lehman crisis in 2008. Demand has been robust due to currency devaluation concerns and then the 15% price fall led to a massive surge in demand as store of wealth buyers leapt at the chance to acquire physical bullion at much cheaper prices. This led to the Perth Mint which refines nearly all of the nation’s bullion, having to stay open over the weekend to meet orders. There’s been strong interest, including from the U.S., with buyers confident that the metal will rebound from the decline, Ron Currie, sales and marketing director, told Bloomberg in a phone interview from Perth.  “We haven’t seen levels like this since the 2008 global financial crisis,” Currie said yesterday. “Compared to March sales, April sales have doubled or tripled,” he said. “We worked all weekend to keep the factory running to make more stock and that was only to fill orders,” Currie said from the facility founded in 1899. “We’re being inundated with people buying products.”

goldCOTBy SD Contributor Marshall Swing:

Gold & Silver COT Report

With that surprise short covering in gold the bottom may be in and notice the commercials went very heavy longNOTICE THE SMALL SPECULATORS ARE ONLY 1082 CONTRACTS FROM BEING NET SHORT!!!!!!!!!!!!
THE GOLD SMALL SPECS ARE ONLY 67 CONTRACTS DIFFERENCE FROM BEING NET SHORT!!!!!!!!!!!!!!!

The charade that the Fed and US bankers/Financiers have been playing CAN NOT CONTINUE MUCH LONGER. The only way for them to make it out of this mess is an economic collapse. This way they can default on their debts and in the ensuing chaos pilfer the gold and silver with a promise to pay it back…One day.
Look for a continued suppression through the end of May for the metals, for the next time you will see Gold and Silver shoot to the moon IT WILL BE IN AN AMERICAN FINANCIAL COLLAPSE!!

LibertadI’m bringing this story as an exclusive to readers here : after the latest attacks on the gold and silver markets, physical demand for the famous one ounce silver “Libertad”  has soared in Mexico.
In January, February and March, the total Libertad sales by the Bank of Mexico was 46,714, 82,634 and 44,063 ounces, respectively.
As of Wednesday April 23, Banxico had already sold more than 174,000 ounces this month!

In other words, more silver was sold by the Bank of Mexico in just the first 23 days of April than were sold in the entire first three months of the year combined!

Recently uncovered documents prove that the Obama administration has been working with the Mexican government to increase the number of illegal immigrants on food stamps, and when more illegal immigrants go on food stamps JP Morgan makes more money.
As you will read about below, JP Morgan has made at least 560 million dollars processing Electronic Benefits Transfer cards.
It has now come out that the U.S. Department of Agriculture has provided the Mexican government with literature that actively encourages illegal immigrants to enroll in food stamps.  One flyer contains the following statement in Spanish: “You need not divulge information regarding your immigration status in seeking this benefit for your children.”  The bold and the underlining are in the original document in case you were wondering.
When people illegally or fraudulently enroll in the food stamp program, it makes it harder for those that desperately need the help to be able to get it.

gld-etf-volume-25-april-smallThe graph below shows that since the beginning of this year nearly 250 tons of gold from the vault removed is.   A reported volume of 250 tonnes of physical metal would be good for a 22nd place in the world ranking of countries and entities with the largest gold reserves, a place between the 280 tons of gold from Austria and 227.5 tons of Belgium. The chart below contains the data that the SPDR Gold Trust put daily on its website, along with a daily fixing of the gold price.

The exodus of gold from GLD inventories has continued, even as the price of gold has rebounded over the past 2 weeks.

Visual evidence of GLD’s draining inventory is below:

warWar [unofficially] declared on gold and silver!
The gloves are off, and central bankers are on a full frontal assault against all [paper] holders of gold and silver
.  Ironically, that very overt assault is the biggest clue of how fearful those in power really are.  Fear, a sign of weakness, and the New World Order does not want anyone snooping behind their curtain of Oz.

Those who understand the value of that barbaric relic are going to be the clear winners. Those who chose to hold paper were the biggest losers, stopped out, washed out by a tsunami  of no-margin-required-short-selling.  It was the JPMorgan version of, “I will huff, puff, and blow your paper house down.”  That scenario worked against all except those who built their financial “house” with physical silver and gold. It is essential for your financial survival to buy and hold physical gold and silver.  There is no law against it... for now.

Cyprus“It’s” going to happen …because it already is happening and mathematically it had to and has to.
“It” being a complete breakdown of the financial system. 

The fly in the ointment is Europe, or I should say Europe’s “structure”.  The fact that Spain, Italy, Portugal and the rest cannot “print” their way to pay debt service and issue new debt is the detonation device.  It is only a matter of time before another …only bigger, MUCH BIGGER!